Consulting firm Guidehouse has concluded its transaction to acquire the public sector advisory business of Grant Thornton LLP.
With the acquisition, Guidehouse adds new expertise and capabilities in financial services, human-capital management and information technology, among other focus areas, the McLean, Virginia-based company said Monday.
Six-time Wash100 Award winner Scott McIntyre, CEO of Guidehouse, asserted that the business combination of Guidehouse and Grant Thornton Public Sector Advisory will yield growth, a more robust line of defense for customers against their most pressing challenges and embolden the company’s aim to seek the realization of new strategic possibilities.
Guidehouse’s intent to acquire the Grant Thornton business was made public in late August. Guidehouse, in turn, operates under the umbrella of Veritas Capital. Veritas CEO and managing partner Ramzi Musallam commented that the new acquisition deal means securing the firm’s status as a harbor of “best-in-class talent, unmatched experience” along with a deep bench of capabilities.
Musallam, who is a seven-time Wash100 Award recipient, additionally noted that Guidehouse is a rapidly expanding enterprise — a fact confirmed by a Consulting Magazine recognition in September — that has logged significant organic and inorganic growth over the last few years.
The firm “is now even better positioned to serve clients and drive lasting value for all stakeholders,” Musallam continued.
Service areas strengthened by the Grant Thornton buy also include data analytics, performance management, as well as energy, health, national security and defense.
Baird was the financial advisor for Guidehouse and Veritas, while Deutsche Bank Securities advised Grant Thornton on financial matters. Milbank LLP and Covington & Burling LLP were the legal team helping Guidehouse and Veritas and Morrison & Foerster LLP and Akerman LLP assisted Grant Thornton on the legal side.
Guidehouse’s latest acquisition comes on the heels of the August announcement of the completion of its purchase and integration of Dovel Technologies. This addition prompted the creation of a new practice called Guidehouse Digital, which concentrates on digital transformation and digital experience enhancement.
The firm also announced restructuring moves — namely, combining its defense and national security divisions — and leadership shifts, such as the appointment of Ed Meehan as chief growth officer, in August.
